<span style="color: #222222;">Britain's Royal Mail postal operator is seeking to axe up to 10,000 jobs, its parent company said Friday, blaming industrial action for huge financial losses.<br />''<br />''Its parent group International Distribution Service said in a statement that, their operational full-time employee workforce will need to reduce by an estimated 10,000 by the end of August 2023.<br />''<br />''The statement added that up to 6,000 compulsory redundancies may be required.<br />''<br />''The firm said its position had deteriorated due to a combination of the impact of the industrial dispute, an inability to deliver the joint productivity improvements agreed with unions and deteriorating parcel volumes.<br />''<br />''Thousands of postal workers, who deliver parcels and letters across the nation in distinctive red vans with a crown logo, went on strike in August after being given a pay raise that fell far short of inflation.</span><br />